Hungary Central Bank

Speaking yesterday, National Bank Deputy Governor Marton Nagly said: “We are in an easing cycle; the word tightening doesn’t even arise in our thoughts.” He also said that the country faces less of a risk of a jump in inflation than regional peers, according to the Bloomberg report. Nagly said that the Bank remains ready to use unconventional tools to ease monetary conditions if needed and that the MC would decide in March whether the three-month cap on deposits with the Bank was still sufficient. The MC next meets on Tuesday (24 January)